Status of the Everything Bubble Created by the Fed - LewRockwell

Status of the Everything Bubble Created by the Fed - LewRockwell: The Wall Street Journal recently brought word that a professor Efraim Benmelech of the finance department at Northwestern University thinks the Fed is hurting housing and the consumer too much. Opined he, …….those higher interest rates are making mortgages more expensive and leading to fewer home sales. That leads to less spending on appliances, paint and other home goods, because people commonly buy those items ahead of a sale and after moving. “The actions of the Fed are leading to lower consumption,” he said. You don’t say! Then again, has it occurred to the good professor that the years and years of … Continue reading →